Weekly Market Report. August 16, 2024

Greetings, curious minds! Join us on a journey into the cutting-edge. This newsletter unveils the latest trends shaping our world.?

Let's explore together! ????

?? Top Reads

MetaMask, Mastercard and Baanx Unveil Revolutionary Way to Pay with Crypto ??

MetaMask, Mastercard and Baanx announced the pilot launch of MetaMask Card, enabling MetaMask wallet users to seamlessly use their cryptocurrency for everyday purchases in fiat currency anywhere around the world Mastercard is accepted.

Wall St eyes its best week of the year as recession fears subside ??

U.S. stocks edged higher on Friday, extending their biggest weekly percentage gains of the year as worries of an economic downturn eased and investors focused on the Jackson Hole symposium next week.

OpenAI Shuts Down Iranian Influence Operation Targeting US Election ??

OpenAI removed a network of Iranian accounts that used its ChatGPT chatbot to try to wage a foreign influence campaign targeting the US presidential election by generating longform articles and social media comments, the company said Friday.

?? Market Data

?? Important News This Week

AI

• Google’s upgraded AI image generator is now available
• Primate Labs launches Geekbench AI benchmarking tool
• Gemini makes your mobile device a powerful AI assistant

Tech

• First fully automated robotic dental surgery completed
• Revolut joins Europe’s biggest banks with $45 billion valuation after share sale
• Waymo Taxis Honk Endlessly Past Midnight in San Francisco

Business

• New Starbucks CEO to make over $100M in 1st year
• Baxter International to Sell Kidney Care Business to Carlyle for $3.8 Billion
• Carrier Global to Sell Commercial, Residential Fire Business to Lone Star for $3 Billion

Crypto

• Bitcoin price stumbles as gold price hits $2.5K for the first time ever
• MicroStrategy’s Bitcoin ETF crosses $22M volume on launch
• Dubai Legalizes Cryptocurrency Salaries

?? Notable Companies Secure Impressive Investments

• Ion Protocol has raised $4.8M in a funding round led by Gumi Capital Cryptos
• Essential has raised $11M in a Series A funding round led by Archetype
• Sahara AI has raised $43M in a Series A round led by Binance Labs, Pantera Capital, and Polychain Capital
• Parfin has raised $10M in a Series A funding round led by ParaFi Capital
• TON Foundation alumni have raised $40M to launch TON Ventures
• Rhinestone has raised $5M in a Seed funding round led by 1kx
• Sling Money has raised $15M in a Series A funding round led by Union Square Ventures
• Satflow has raised $7.6M in a Seed funding round led by Variant Fund
• Chaos Labs has raised $55M in a Series A funding round led by Haun Ventures

?? Meme of the Week

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Constantin Kogan

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